$ADA /USDT – BEARISH BREAKDOWN BREWING AS SELL PRESSURE BUILDS BELOW KEY SUPPORT
Current Price: $0.6278
24h Range: High $0.6390 | Low $0.6131
Trend: Bearish (Short-term)
#Cardano ($ADA) is showing signs of weakness as it fails to hold above crucial support zones. After a brief bounce attempt earlier today, the price has started slipping again, indicating further downside pressure.
Key Levels to Watch:
Resistance Zones:
$0.6390 (Recent 24h high)
$0.6500 (Major resistance, breakdown origin)
Support Zones:
$0.6130 (24h low)
$0.6000 (Psychological & technical support)
$0.5800 (next strong demand zone)
Technical Outlook:
The price action is forming lower highs and struggling to reclaim the 0.63–0.64 zone, signaling seller dominance. The broader trend is still under bearish control, especially with the 30-day performance down by -17.61% and -43.85% over the past 180 days.
Trade Setup (Short):
Entry: $0.6270–$0.6300
Targets (TP):
TP1: $0.6130
TP2: $0.6000
TP3: $0.5800
Stop Loss (SL): $0.6400
Market Outlook:
Unless ADA bulls push price back above $0.6400 with strong volume, the path of least resistance remains downward. Lower timeframes (15m–1h) also show repeated rejection at the resistance zone, further confirming bearish momentum.
Risk Management:
Use 2–3% of your capital per trade. Always keep a favorable risk-to-reward ratio of at least 1:2. Avoid revenge trading and adjust position size according to volatility.